Gravity Stock Price, News & Analysis

Gravity Co., Ltd. (NasdaqGM: GRVY) has officially launched its MMORPG mobile game, Ragnarok X: Next Generation, in Vietnam on September 1, 2021. Following successful launches in Taiwan, Hong Kong, Macau, and Southeast Asia, this title has outperformed its predecessor, Ragnarok M: Eternal Love, achieving high rankings in top-grossing charts on both the Apple App Store and Google Play. The Closed Beta Test, which began on July 15, 2021, garnered over 300,000 pre-registrations, indicating strong interest. A release in Korea is anticipated in the first half of 2022.

GRAVITY Co., Ltd. (NasdaqGM: GRVY) announced the launch of its mobile RPG game, Ragnarok The Lost Memories, in Thailand on August 26, 2021. Developed by its subsidiary, Gravity NeoCyon Inc., the game garnered over 500,000 sign-ups during its Closed Beta Test, which commenced on July 4, 2021. The pre-registration phase began on July 20, 2021, indicating strong interest. Various promotional events are being held to support the game across different platforms, including the Apple App Store and Google Play.

GRAVITY Co., Ltd. (NasdaqGM: GRVY) announced its second quarter 2021 financial results, reporting total revenues of KRW 83,611 million (US$ 73,965 thousand), a 20.4% decrease QoQ and 5.5% YoY. Operating profit was KRW 19,157 million (US$ 16,947 thousand), a 31.5% QoQ decline but a 17.4% YoY increase. Net profit attributable to the parent company dropped 37.3% QoQ to KRW 14,766 million (US$ 13,062 thousand), despite a 12.8% YoY increase. Key developments include the launch of Ragnarok Online in Vietnam and continued performance of Ragnarok X: Next Generation.

Gravity has announced the pre-registration for its mobile fantasy MMORPG, Ragnarok Origin, which is now available on the App Store and Google Play Store. The game aims to recreate the original Ragnarok Online experience with improved graphics and gameplay features. Pre-registration began on August 10, 2021, and players who sign up can win prizes, including a Tesla Model S if the goal of one million sign-ups is reached. The Ragnarok franchise has a strong history with over 120 million global users and significant sales achievements in Korea and Japan.

GRAVITY Co., Ltd. (NasdaqGM: GRVY) has officially launched its MMORPG mobile game Ragnarok Origin in Japan on June 28, 2021. On its first day, the game achieved the top spot in free downloads on both the Apple App Store and Google Play. Following its launch in Korea on July 7, 2020, the game maintained a position in the top ten grossing apps for three months. Currently, Gungho Online Entertainment Inc. publishes Ragnarok Origin, which features various launch celebration events for Japanese users.

Seoul, Korea, June 23, 2021 – GRAVITY Co., Ltd. (NasdaqGM: GRVY) announced the launch of Ragnarok X: Next Generation in 9 Southeast Asian countries on June 18, 2021. The MMORPG topped the Apple App Store charts in the region and previously ranked first in Taiwan, Hong Kong, and Macau. Pre-registration peaked at over 3 million, while the game achieved 2 million downloads within 5 days of release. Nuverse publishes the game, supported by Gravity Game Tech Co., Ltd. in Thailand. This success positions Gravity favorably in the competitive Southeast Asian gaming market.

Gravity Interactive, a subsidiary of Gravity Co., Ltd. (NASDAQ: GRVY), announced a significant update and promotion for its flagship PC game, Ragnarok Online, on June 10, 2021. This update includes class balance adjustments for Sura, Wanderer, and Maestro, along with the introduction of new Friday and Weekend dungeons. Players can register for a booster character to receive special gifts as they progress. This update continues the game's legacy, first launched in Korea in 2002.

Gravity Co., Ltd. (NASDAQ: GRVY) announced the closed beta test (CBT) for its 3D MMORPG, Ragnarok: Project S, starting June 22, 2021. This sequel to the successful Ragnarok: Valkyrie Uprising will be available globally for 7 days via their Facebook page. Participants can enjoy story quests, dungeons, and a new battleground featuring giant god warriors. The CBT aims to enhance user engagement, with various events and incentives. The game's development updates will be shared weekly, as interest grows with over 370,000 Facebook followers.

Gravity Interactive, a subsidiary of Gravity Co., Ltd. (NASDAQ: GRVY), has re-launched its PC game Dragon Saga in several European regions, including Switzerland, Norway, the UK, and Turkey, as of May 12, 2021. Players can reactivate their accounts via a password recovery process. The game features fast-paced combat, PvP modes, and a unique pet system. To celebrate the return, the company will host various welcome back events and gifts for players. Read the full release.